HomeMy WebLinkAboutOrdinances (O-25-2341)-09/16/2025ORDINANCE 0-25-2341
AMENDING SECTION 3 OF ORDINANCE 0-24-2293 OF THE FISCAL
YEAR 2025 BUDGET AMOUNTS FOR THE TRANSFER OF GENERAL
FUND, UTILITY FUND, AND DRAINAGE UTILITY FUND OPERATING
SURPLUSES TO THE CAPITAL PROJECTS FUND, UTILITY CAPITAL
PROJECTS FUND, AND DRAINAGE CAPITAL PROJECTS FUND; AND
AUTHORIZING THE CITY MANAGER TO TRANSFER UNSPENT FY2025
BUDGET APPROPRIATIONS FROM ONE DEPARTMENT TO ANOTHER
IF EXPENDITURES IN A DEPARTMENT EXCEEDED THE ADOPTED
BUDGET ON SEPTEMBER 30, 2025
WHEREAS, FY2025 General Fund, Utility Fund, and Drainage Fund
projected year end revenues are anticipated to exceed
expenditures; and
WHEREAS, the City Council desires to provide funding for future general,
utility, and drainage capital projects; and
WHEREAS, necessary expenditures over the course of a fiscal year may
cause certain departments to either exceed the FY2025 original
budget or conclude the year under -budget, and it is required
that original budget appropriation amounts be amended
accordingly.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the City Manager is authorized to transfer the FY2025
General Fund operating surplus to the Capital Projects Fund for
future capital projects on September 30, 2025.
Sec. 2. THAT the City Manager is authorized to transfer the FY2025
Utility Fund operating surplus to the Utility Capital Projects
Fund for future utility capital projects on September 30, 2025.
Sec. 3. THAT the City Manager is authorized to transfer the FY2025
Drainage Fund operating surplus to the Drainage Capital
Projects Fund for future utility capital projects on September
30, 2025.
Sec. 4. THAT in the event that expenditures in a department exceed
the adopted budget for that department, the City Manager is
authorized to transfer all or part of the unencumbered
Ordinance 0-25-2341
Page 2 of 2
appropriation balance from one department to another per the
Charter of the City of Colleyville, Section 9.04 (D).
Sec. 5. THAT General Fund Operating expenditures are amended to
include $552,000 transferred to Debt Service Fund for the
purpose of paying Certificate of Obligation debt resulting from
the purchase of the Rec Center and a portion of the 2025
Ladder Truck as funded within FY25.
Sec. 6. THAT the effective date of this ordinance shall be September
30, 2025.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 3rd day of
September 2025.
The second reading and public hearing being conducted on the 16th day of
September 2025.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 16TH DAY OF
SEPTEMBER 2025.
Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye
Mayor Pro Tern Brandi Elder Aye Ben Graves, Place 4 Aye
Deputy Mayor Pro Tern Scotty Richardson Aye Tim Raine, Place 6 Aye
Kimberly Holt Gunderson, Place 5 Aye
ATTEST:2
Christine Loven, TRMC
City Secretary
APPR ED AS FORM:
Whitt Wyatt
City Attorney
C Y OF COLLEYVILLE
Bo y i gamd"
Mayor